The EC is likely to raise the green energy quota in the EU

The European Commission is likely to join the European Parliament in pushing the European Union to adopt higher renewable energy targets by 2030. One of the reasons for this is the new report by the International Renewable Energy Agency (IRENA), according to which Member States can profitably double the share of green energy in their energy mix up to 34% by 2030. The Council of the EU agreed in 2014 that they aim to reach a 27% share with an interim goal of 20% by 2020. The European...

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The outsourcing industry in Bulgaria will continue to grow fast

In 2016, the outsourcing industry contributed to 3.6% of Bulgaria's gross domestic product (GDP), or 1.5 billion euro. By 2020, these numbers are expected to grow to 4.2% or 2.5 billion euro. The outsourcing industry generates 6.5% of the total salarycosts and represents 5% of all social security contributions paid in the economy in 2016, and these indicators are expected to double in the next four years predicts Plamen Tsekov – a board member of the Bulgarian Outsourcing...

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Sofia is the leader in CEE in profitability from business properties

The investment real estate market in Central and Eastern Europe is approaching its peak. This is predicted by Mark Robinson, analyst from Colliers International, in his 2018 investment forecast report. The analysis covers six CEE countries - Bulgaria, Romania, Poland, the Czech Republic, Slovakia and Hungary. The stable GDP growth in Europe, increased investments in the region and growth in consumption are all indications that CEE will soon reach the peak of economic growth, according to...

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